IEA Forecasts 1.7M bpd Oil Surplus as Gulf Supply Recovers, Demand Curbed
Published 18 h ago2 sourcesEvidence: Reported
The IEA reports that recovering Gulf exports have boosted global supply, which is now projected to outpace demand in Q4 2026. This marks a shift toward a surplus after earlier tightness, pressuring prices. The exact surplus size and duration remain uncertain, but the balance has clearly loosened.
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Published 18 h ago2 sourcesEvidence: Reported
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